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FPIs turn net sellers; withdraw Rs 8,749 cr from equities in June

After investing a staggering amount in May, foreign investors turned net sellers with a withdrawal of Rs 8,749 crore from the Indian equity markets in the first week of this month triggered by renewed US-China trade tensions and rising US bond yields. This momentum follows a net investment of Rs 19,860 crore in May and

The silent money killers: Are you making these 3 mistakes?

The real fear isn’t about ghosts. It’s about lost years, ruined credit, and regret. Is there something scarier than a haunted house? Yes, it’s a Rs 50,000 investment gone because of a tip you didn’t question. A dream home loan is cancelled because your EMIs ate your savings. Or five years gone, just waiting for

ICAI to name statutory auditors for co-operative banks soon

The Institute of Chartered Accountants of India (ICAI) is set to suggest names of the chartered accountant (CA) firms to National Bank for Agriculture and Rural Development (NABARD) for appointment/re-appointment as statutory auditors of State Co-operative Banks (StCBs) and Central Co-operative Banks (CCBs) for FY26. A senior official told FE that the applications of the

Fort Knox gold full audit demanded by US Lawmakers under new legislation

America’s gold holdings at Fort Knox are back in the news, as calls for a complete audit gain traction. Members of Congress have introduced a bill to initiate the first comprehensive audit of America’s gold reserves in decades. Representative Thomas Massie introduced the Gold Reserve Transparency Act of 2025, which requires the Comptroller General to

EPFO: Your EPS pension will not start automatically post retirement – Know what you must do

EPFO pensioners alert: Members of the Employees’ Provident Fund Organisation (EPFO) frequently raise queries on social media platforms, including ‘X’, seeking information from the retirement fund body regarding EPF fund withdrawal and transfer, pension eligibility under the Employees’ Pension Scheme (EPS), and other PF-related matters. From time to time, the EPFO also issues clarifications to

Mumbai dominates Hurun Women Leaders List: 38 influential women hail from Maximum City

Mumbai has emerged as the hub of the country’s most influential women leaders. The city is home to the majority of the Candere Hurun India Women Leaders list for 2025. Of the 97 most influential women leaders selected in the list, 38 hail from Mumbai.  ALSO READHurun honours women leaders of India: Shanti Ekambaram, Radha

Quiet session for the markets: Nifty, Sensex end higher, small and midcaps outperform; Eternal up 3%

The Indian equity benchmarks ended Wednesday’s session on a positive footing. The Sensex wrapped up the day at 80,998.25, gaining 260.74 points or 0.32%, while the Nifty closed at 24,625.10, up 82.60 or 0.34%. Banking stocks also contributed to the uptrend, with the Nifty Bank finishing at 55,676.85, up by 0.14%. Here are some of

ITR forms and Excel utilities out, but you still can’t file income tax return online – Know why

ITR Filing AY2025-26: With almost a two-month delay, the Income Tax Department has made available two Excel-based offline utilities for ITR-1 and ITR-4, which are applicable basically to individual taxpayers with less than Rs 50 lakh annual income. Ideally, taxpayers need an ITR form applicable to them based on their income status and a corresponding

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New tax rules from 2026? 5 changes in Income Tax Bill that make it different from existing law

New Income Tax Bill, 2025: The Centre has taken a big step towards making the tax system simple and transparent in the country. The Modi government introduced the ‘Income Tax Bill, 2025’ in Parliament during the budget session this year to replace the existing Income Tax Act, 1961. This Bill, after being introduced in the

ITC Q1 Results: Profit rises marginally by 3.21% to Rs 5,343.41 crore; no dividend announced

ITC Ltd on Friday released its fiscal first quarter earnings report with a profit growth of 3.21 per cent to Rs 5,343.41 crore in comparison to Rs 5,176.99 crore recorded during the corresponding quarter of FY25. It posted revenue from operations at Rs 23,129.35 crore, reporting a growth of 19.53 per cent as against Rs

JSW Cement IPO likely in next two weeks, to host roadshow in Mumbai

JSW Cement is likely to launch its Initial Public Offering in next few weeks. The company will be hosting the IPO road show in Mumbai on August 4 ahead of the IPO launch.  The JSW Cement’s key leadership team comprising Parth Jindal, Managing Director, Nilesh Narwekar, Chief Executive Officer and Narinder Singh Kahlon, Chief Financial

Govt to amend Unified Pension Scheme to make it more employee friendly? Here’s what Finance Minister says

The Modi government launched the Unified Pension Scheme (UPS) under the National Pension System (NPS) on April 1 this year. The UPS was conceived as a new pension plan for central government employees, giving them an option to subscribe to a new scheme that combines some of the unique features from the existing NPS and

Trump’s tariffs on India: ‘Many exporters might face order cancellations or pressure to…’, says expert on India’s textile sector

US President Donald Trump’s decision to impose a 25 per cent additional import duty along with a penalty on Indian goods, effective August 1, is expected to significantly impact India’s textile and apparel industry. The penalty has been linked to India’s purchase of crude oil and military equipment from Russia, adding another layer of uncertainty